17 Queensland councils had to correct prior year asset amounts totalling $241 million in combined prior period errors. 54 of 77 councils had at least one internal control deficiency in asset management. The QAO recommended requiring councils to include current asset management plans in grant applications.
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$241.0M of Australian taxpayer money was wasted at 17 of 77 Queensland Councils. 17 Queensland councils had to correct prior year asset amounts totalling $241 million in combined prior period errors. 54 of 77 councils had at least one internal control deficiency in asset management. The QAO recommended requiring councils to include current asset management plans in grant applications.
Spread across Australia's 10.8 million households, that's roughly $22 per family — enough in total for funding 161 fully equipped school classrooms.
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